I have a 1099-MISC from a small amount of mineral royalty. On box 2, it lists I received $4,576. However, on the top right hand corner of the 1099-MISC letter I received, it states "Other deductions = $ 226." And "Taxes = $ 197". So it states my total Net is $4,151. Is there somewhere I'm supposed to include these taxes/other deductions? Am I still supposed to put the full amount of $4,576.24 in box #2 on my 1099-MISC tax form, even though I only netted $4,151 or do I just list $4,151? If I have to list the full amount, why is that when I did not gross that amount? All the boxes on the actual 1099- misc form are empty except #2 which lists "royalties of $4,576". I'm in Texas if that helps. Thank you so much for any help!
